Texas § 67.015 EXEMPTION FROM SECURITIES ACT.

Texas Statutes

§ 67.015 — EXEMPTION FROM SECURITIES ACT.

Texas § 67.015

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This text of Texas § 67.015 (EXEMPTION FROM SECURITIES ACT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Water Code Code Ann. § 67.015 (2026).

Text

Sec. 67.015. EXEMPTION FROM SECURITIES ACT. The Securities Act (Title 12, Government Code) does not apply to:

(1)a note, bond, or other evidence of indebtedness issued by a corporation doing business in this state to the United States;

(2)an instrument executed to secure a debt of a corporation to the United States; or

(3)the issuance of a membership certificate or stock certificate of a corporation.

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Sec. 67.015. EXEMPTION FROM SECURITIES ACT. The Securities Act (Title 12, Government Code) does not apply to:
(1) a note, bond, or other evidence of indebtedness issued by a corporation doing business in this state to the United States;
(2) an instrument executed to secure a debt of a corporation to the United States; or
(3) the issuance of a membership certificate or stock certificate of a corporation.

Legislative History

Added by Acts 1997, 75th Leg., ch. 166, Sec. 2, eff. Sept. 1, 1997. Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 2.44, eff. January 1, 2022.